French energy company TotalEnergies announced on Tuesday that it has made a significant oil and gas discovery at the OML 102 offshore oilfield in Nigeria.
Nicolas Terraz, President of Exploration and Production at TotalEnergies, expressed excitement about the discovery, stating, “This new success in the area further demonstrates the potential of nearby exploration to create value within our low-cost, low-emission strategy.”
OML 102 is operated by TotalEnergies Nigeria, holding a 40% interest, while the remaining 60% is held by state-owned oil firm NNPC Ltd.